Green Plains Q1 net loss widens to $70.3M; EPS ($1.20) on revenue $832.9M

Green Plains Inc.

2023-Q1 EPS reported -$1.20 revenue$832,949,000

Net loss attributable to company $70.3M (($1.20)/share) vs net loss $61.5M (($1.16)/share) in Q1 2022.
Revenue rose 6.6% YoY to $832.9M driven by higher volumes of ethanol, distillers grains, Ultra-High Protein, and renewable corn oil.
Ultra-High Protein sales surged to 52,000 tons (up 40,000 tons YoY); record daily production at five MSC facilities.
Consolidated ethanol crush margin negative ($0.07)/gallon; ethanol production segment operating loss of $53.4M.
Cash and equivalents $408.3M; $159.0M available under committed credit facility; total debt $709.6M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Green Plains Inc. reported first quarter of 2023 results: revenue $832.9 million, net income $70.3 million, EPS ($1.20) per basic and diluted share.

Period: first quarter of 2023
Revenue: $832.9 million
Net income: $70.3 million
EPS: ($1.20) per basic and diluted share
Result: reported results

Exact text from the filing

Green Plains Inc. (NASDAQ:GPRE) today announced financial results for the first quarter of 2023. Net loss attributable to the company was $70.3 million, or ($1.20) per basic and diluted share compared to net loss attributable to the company of $61.5 million or ($1.16) per basic and diluted share, for the same period in 2022. Revenues were $832.9 million for the first quarter of 2023 compared with $781.4 million for the same period last year.

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Source: SEC EDGAR

accession 0001309402-23-000069

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